FuelCell Energy Expands into Asia with POSCO Energy Deal
FuelCell Energy, Inc. (Nasdaq: FCEL) today announced the execution of a series of strategic initiatives with its South Korean partner, POSCO Energy, to expand the market for stationary fuel cell power plants in Asia, including a license agreement for POSCO Energy to manufacture Direct FuelCell® (DFC®) power plants in South Korea and sell throughout Asia. POSCO Energy is Korea's largest independent power producer and is a subsidiary of POSCO, a leading global steel producer.
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